KARTY Secures Visa FinTech Innovation Award After Qatar Market Entry
Visa has awarded its FinTech Innovation accolade to Doha-based KARTY LLC, marking a milestone for the digital wallet startup. The recognition follows the launch of Qatar’s first Visa card issued by a licensed fintech, signaling the company’s transition from development into full-scale public service within the local financial ecosystem.
Licensed by the Qatar Central Bank and registered with the Qatar Financial Centre, KARTY provides a platform that integrates money management with global payment capabilities. Users access services through a mobile app, where they can manage funds, utilize virtual cards, and track spending. The platform also introduced Visa Subscription Management in Qatar, allowing users to monitor and cancel recurring charges directly through the interface.
Mohammed Suleiman, co-founder of KARTY, noted the award validates the startup's mission to provide consumers with clearer oversight of their personal finances. Beyond basic transactions, the app includes budgeting tools, a rewards program featuring KPoints, and competitive exchange rates for international spending. The company, which holds PCI-DSS cybersecurity certification, is currently prioritizing user adoption and feature expansion to maintain its position among top-rated financial applications in the Qatari market.
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